A share deal acquisition of an office building

SHIFT CAPITAL advised Principal Real Estate Europe on the acquisition financing of a c. 9800 qsm office building located 20-24 rue Jacques Ibert in Levallois-Perret, on behalf of the Saudi investor Sedco in the context of a separate account. The building is fully rented to multiple tenants, including the Italian oil & gas company Eni. Principal Real Estate Europe (PrinREE) is part of Principal Financial Group’s dedicated real estate business, Principal Real Estate, which manages or sub-advises $79.2 billion in real estate assets globally.

SHIFT CAPITAL advised Principal Real Estate Europe during the initial marketing phase with the prospective lenders on deal presentation, discussions, visits and negotiation of terms sheets, and subsequently assisted throughout the whole closing process in the loan documentation negotiation and coordination of third parties. SHIFT CAPITAL advised notably Principal on various structuring options to optimise the financing amount and cost.